In today’s recent session, 2.71 million shares of the RLX Technology Inc ADR (NYSE:RLX) have been traded, and its beta is 0.92. Most recently the company’s share price was $2.08, and it changed around $0.11 or 5.33% from the last close, which brings the market valuation of the company to $2.00B. RLX at last check was trading at a discount to its 52-week high of $2.47, offering almost -18.75% off that amount. The share price’s 52-week low was $1.39, which indicates that the recent value has risen by an impressive 33.17% since then. We note from RLX Technology Inc ADR’s average daily trading volume that its 3-month average coming to 5.05 million.
RLX Technology Inc ADR (NYSE:RLX) trade information
Instantly RLX has been showing a green trend so far today with a performance of 5.33% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 3.75% year-to-date, but still up 1.22% over the last five days. On the other hand, RLX Technology Inc ADR (NYSE:RLX) is 17.90% up in the 30-day period.
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RLX Technology Inc ADR (RLX) estimates and forecasts
The year-over-year growth rate is expected to be 66.60%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $72.88 million in revenue for the current quarter. 1 analysts expect RLX Technology Inc ADR to make $93.63 million in revenue for the quarter ending Jun 2024. The company’s sales for a year ago were $48.39 million respectively. Forecasts for the next quarter put sales growth at 93.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 90.13%. RLX Technology Inc ADR earnings are expected to increase by 71.19% in 2024, but the outlook is positive 12.71% per year for the next five years.
